FedEx buys U.K. express shipper

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FedEx recently bought a United Kingdom domestic express transportation company for $234 million to allow its operating unit, FedEx Express, to directly serve the nation’s domestic market. ANC Holdings, a distribution and logistics services provider, has a network of 4,500 people and a fleet of 2,200 vehicles operating from 80 locations.

The Dec. 18 purchase was part of FedEx Express’ effort to strengthen its international market. ANC management will stay the same and report directly to Robert Elliott, president of Europe, Middle East, Africa and Indian subcontinent for Memphis, Tenn.-based FedEx Express.

“As the U.K. market continues to evolve and expand, customers increasingly seek a single provider of solutions for their domestic and international shipping to more efficiently manage their global supply chains,” Elliott says.